Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
For its emissions settlements, while munich prosecutors arrest an exporsche executive in the emissions probe. And a new dynamic in brexit talks. Theres progress in the latest round of discussions as brussels indicates that it may be open to Prime Ministers hopes for a transition deal. Good morning its been a busy week for the markets. Today markets are range bound, at least when it comes to the stoxx 600. We are flat as a pancake i want to let you know we are heading for the best monthly gain this year in part because weve seen the weaker euro throughout september. Even for the quarter, the Third Quarter, were on track for a quarterly gain after we fell in the Second Quarter due to the euro strength. Lets look at the european markets one by one the ftse 100 up by 0. 4 . The dax up by 0. 2, despite weakness in the automakers the cac 40 slightly underperforming. By in large Still Holding on to twomonth highs. When it comes to the sectors, this is the picture. Autos is one of the key unde
Gainers as they see no need for a rights issue, despite worse than expected Third Quarter losses good morning glad youre with us once again on this friday morning roughly one hour into the trading session. Lets look at how were faring on the stoxx 600, modestly higher to the tune of 0. 25 , recovering from yesterdayed losses which took us to the lowest level in october so far it was all about the catalonia fears, and the worse than expected Third Quarter results most results turned out to be better th better than expected this is the picture of european indices. The cac 40, up 0. 25 the ftse 100 up by 0. 26 , and the xetra dax up 0. 42. When it comes to the sectors, financials have been doing well. Banks up by 0. 6 this is on the back of the senate vote yesterday, which will pave the way for tax cuts basic resources also doing well, up by 0. 9 on the back of higher copper prices overnight. All right. We are just getting some news from spain let me bring you that in just a second seeing
News throughout this next hour and a half. Some of the big pieces we will deliver. This is the beast of the market, the treasury market, the death of the treasury market. The ticker on this his fiveyear. The moment of truth has arrived for the bond market. We test above 2. 4 for the first time in five months we touched above 2. 4 for the first time in five months. What is achievable if you break certain points . 6 i20 20. We are seeing this 6 by 2020. We are seeing this. Who do you want to run the fed jack of that run the fed . How feeble the bond market is to risk. Anna the fed chair conversation and there is also the growth story. The dollar. A quick word on some of the breaking headlines. Some corporate around europe but before we get to risk radar, they are cutting their fullyear Revenue Growth to 6 . Cutting their fullyear eps target. Worth keeping an eye on that. We have mentioned the risk radar. What you said about the bond market. Lets look at where we have been in the asian eq
The Committee Meets his way to receive testimony on you as policy ends strategy in the asiaPacific Region. I am pleased to welcome our panel of expert witnesses come all with deep knowledge and experience in the region. The Senior Adviser and korea chair at the center for strategic and international studies. Aaron friedberg who is the professor of politics and International Affairs at princeton university. And the former Principal Deputy assistant secretary of defense for asia pacific security irs and senior fellow am having trouble with my enunciation. Strategic affairs at the endowment for international peace, an old friend of the committee. Americas interest in asiaPacific Region are deep and enduring, that is why for the past 70 years we have worked with our allies and partners to up hold a rulesbased order based on principles of free peoples and free markets, open skies, theen resolution of disputes. The challenges are mounting. Thehey threaten not just nations of the Pacific Regi